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Permian E&P To Complete 260 Wells In 2018
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Pioneer has released its 2018 outlook as well as its Q4 and full year 2017 results.
The company announced that it plans to sell off its Eagle Ford, South Texas, Raton and West Panhandle assets in order to become a Permian "pure-play" E&P.
2018 Plans- 2018 Capex of $2.9 billion (up a slight +5.5% from 2017 spending of $2.75 billion)
D&C: $2.65 billion for drilling and completion activities and Other: $260 million (water infrastructure, vertical integration, field facilities and vehicles)- Operate 20 rigs in the Permian during 2018
16 in northern area (2 of which are focused on DUC inventory) 4 in Southern Wolfcamp JV area- Place 250 to 275 wells on production in the Permian Basin during 2018
approximately 45 of these wells will be Version 3.0+ completions in the first half of…- ✓ Full news archive — U.S., Canada & international coverage
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